Systemic Banking Crises Database: An Update

IMF working paper 12/163

33 Pages Posted: 30 Jun 2012

See all articles by Luc Laeven

Luc Laeven

European Central Bank (ECB); Centre for Economic Policy Research (CEPR)

Fabián Valencia

International Monetary Fund (IMF)

Multiple version iconThere are 2 versions of this paper

Date Written: June 2012

Abstract

We update the widely used banking crises database by Laeven and Valencia (2008, 2010) with new information on recent and ongoing crises, including updated information on policy responses and outcomes (i.e. fiscal costs, output losses, and increases in public debt). We also update our dating of sovereign debt and currency crises. The database includes all systemic banking, currency, and sovereign debt crises during the period 1970–2011. The data show some striking differences in policy responses between advanced and emerging economies as well as many similarities between past and ongoing crises.

Keywords: banking crisis, financial crisis, bank restructuring, crisis resolution, fiscal costs

JEL Classification: E50, E60, G20

Suggested Citation

Laeven, Luc A. and Valencia, Fabian V., Systemic Banking Crises Database: An Update (June 2012). IMF working paper 12/163. Available at SSRN: https://ssrn.com/abstract=2096234 or http://dx.doi.org/10.2139/ssrn.2096234

Luc A. Laeven

European Central Bank (ECB) ( email )

Sonnemannstrasse 22
Frankfurt am Main, 60314
Germany

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Fabian V. Valencia (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

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